Ardagh Metal Packaging S.A. (NYSE:AMBP) Receives $3.43 Consensus Price Target from Analysts

Ardagh Metal Packaging S.A. (NYSE:AMBP) has been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $3.41.

AMBP has been the topic of a number of research reports. Morgan Stanley upgraded shares of Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and cut their target price for the company from $3.60 to $3.10 in a research report on Monday. Bank of America lowered shares of Ardagh Metal Packaging from a “buy” rating to an “underperform” rating and cut their price objective for the company from $4.90 to $4.00 in a report on Wednesday, December 11th. Wells Fargo & Company lowered their target price on shares of Ardagh Metal Packaging from $5.00 to $3.60 and set an “overweight” rating for the company in a report on Monday, January 6th. UBS Group cut their price target on Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating on the stock in a research note on Friday, January 10th. Finally, Citigroup decreased their price objective on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating for the company in a research note on Monday, January 6th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Ballentine Partners LLC bought a new position in shares of Ardagh Metal Packaging during the 3rd quarter worth approximately $42,000. nVerses Capital LLC boosted its holdings in Ardagh Metal Packaging by 70.4% during the third quarter. nVerses Capital LLC now owns 12,100 shares of the company’s stock worth $46,000 after purchasing an additional 5,000 shares during the last quarter. Quarry LP acquired a new position in Ardagh Metal Packaging during the second quarter worth $45,000. Signaturefd LLC grew its position in Ardagh Metal Packaging by 23.1% in the third quarter. Signaturefd LLC now owns 18,739 shares of the company’s stock valued at $71,000 after purchasing an additional 3,515 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Ardagh Metal Packaging by 34.5% in the 2nd quarter. Principal Financial Group Inc. now owns 19,521 shares of the company’s stock valued at $66,000 after buying an additional 5,009 shares during the last quarter. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Performance

Shares of Ardagh Metal Packaging stock opened at $2.75 on Friday. The firm has a 50 day simple moving average of $3.32 and a 200 day simple moving average of $3.51. Ardagh Metal Packaging has a fifty-two week low of $2.66 and a fifty-two week high of $4.26. The company has a debt-to-equity ratio of 124.21, a current ratio of 1.17 and a quick ratio of 0.88. The firm has a market cap of $1.64 billion, a P/E ratio of -22.91, a P/E/G ratio of 0.79 and a beta of 0.65.

Ardagh Metal Packaging (NYSE:AMBP) last released its earnings results on Thursday, October 24th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.34 billion. Ardagh Metal Packaging had a positive return on equity of 1,760.00% and a negative net margin of 0.99%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.06 earnings per share. Sell-side analysts predict that Ardagh Metal Packaging will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, December 5th. This represents a $0.40 annualized dividend and a yield of 14.55%. Ardagh Metal Packaging’s dividend payout ratio is presently -333.33%.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging SA, together with its subsidiaries, supplies consumer metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine.